Axa life insurance

AXA confirms merger of Singapore insurance businesses

AXA, the French insurance giant, has confirmed press reports that it is to merge its life insurance and general insurance businesses in Singapore, effective on 1 January. In a statement, the company told International Investment that it had “obtained a composite insurance license from the Monetary Authority of Singapore”, and that, as of the first of January, “AXA Insurance Singapore and AXA Life Insurance Singapore will become one, and be renamed AXA Insurance Pte Ltd”. This confirms a story that appeared last week in the Straits Times, Singapore’s local newspaper. The company gave no further details. AXA’s consolidation in Singapore comes as some of its traditional multinational rivals...

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David Korunic Krungthai-AXA Life Insurance, Diversity Journal

David Korunic CEO AND DIVERSITY LEAD KRUNGTHAI-AXA LIFE INSURANCE KRUNGTHAI-AXA LIFE INSURANCE Headquarters: Bangkok, Thailand Business: Life Insurance CEO: ... CEO AND DIVERSITY LEAD KRUNGTHAI-AXA LIFE INSURANCE EMPLOYEE ENGAGEMENT AT HEART OF THAILAND INSURER’S D&I STRATEGY Leading Thailand insurer Krungthai-AXA Life Insurance has a strong employee engagement program that is committed to streamlining diversity and inclusion initiatives into the Thai society. “We place employee engagement at the heart of our business strategy. Achieving this means creating a workplace built on values that foster diversity and equal opportunities for all, promoting employee participation,...

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Cinven to buy Dublin-headquartered Axa Life Europe in €925m deal

Cinven to buy Dublin-headquartered Axa Life Europe in €925m deal Deal to acquire life assurance centre is 12th investment made by sixth Cinven Fund Private equity firm Cinven has entered into exclusive talks to acquire Dublin-headquartered insurer Axa Life Europe (ALE) in a €925 million deal. Axa Life Europe, one of the largest cross-border life assurance centres in Europe, manages insurance products for customers across, Germany, the UK, France, Spain, Italy and Portugal. Axa Life Europe is part of France-based Axa group. The insurer, which has been closed to new business since last year, manages 248,000 policies and €8 billion of assets and has an estimated €5 billion or reserves....

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David Korunic, CEO, Krungthai-AXA Life Insurance: Interview, Thailand 2016, Oxford Business Group

Interview: David Korunic What factors do you anticipate will act as drivers for further growth in life insurance premiums in Thailand during 2016? DAVID KORUNIC: The year 2015 proved difficult overall for the insurance industry, mainly due to the rise in global economic fragility making people more cautious in their spending, which had an impact on life insurance and other investment vehicles. However, due to ongoing infrastructure and investment projects in the public sector, I believe that the first quarter of 2016 will exhibit greater excitement in the market. In the short term, growth in life insurance is expected to average 9-10% annually. Distribution strategy is a crucial aspect of...

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AXA Life Insurance - Compare AXA Life and Income Cover,

AXA life insurance Are you an existing AXA customer? For all general insurance, superannuation, retail or wholesale investment enquiries, please contact AMP: Email: client.enquiry@amp.com.au Awards Received and Claims Paid by AXA The merger of AXA Asia Pacific Holdings and AMP brought together two of Australia and New Zealand's oldest businesses. AXA Asia Pacific becoming wholly owned by AMP Limited. This merger created new competition in the financial sector in Australia and the Asia-pacific as it extended its services into the non-bank sector, directly challenging the wealth management business previously believed to be the sole domain of the big four of Australian banking. The merged...

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Cinven enters exclusive discussions to acquire AXA Life Europe, Cinven news, News, Cinven - Focused European Integrated World-class

International private equity firm, Cinven, today announces that the Sixth Cinven Fund has entered into exclusive discussions to acquire AXA Life Europe (‘ALE’), a leading European life insurance company, for a consideration of €925 million. ALE primarily manages guaranteed, unit-linked life insurance products (known as ‘Variable Annuities’) for its customer base across Germany, the UK, France, Spain, Italy and Portugal. ALE manages c.248,000 policies, c.€8 billion of assets and has c.€5 billion of reserves of which c.70% is related to German policies. It has been closed to new business since 2017. Furthermore, ALE is a reinsurer of AXA’s Japanese variable annuity portfolio. ALE is...

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Bharti AXA Life Insurance posts maiden profit of Rs5 crore in FY18 - Livemint

Bharti AXA Life Insurance posts maiden profit of Rs5 crore in FY18 This is the first time Bharti AXA Life Insurance reported profits since it started operations in 2006, on the back of better productivity and cost efficiency New Delhi: Private insurer Bharti AXA Life Insurance said on Tuesday it turned profitable by posting maiden profit of Rs5 crore for the fiscal ended 31 March 2018. This is the first time Bharti AXA Life Insurance reported profits since it started operations in 2006, on the back of better productivity and cost efficiency, the insurer said in a statement. The company, a joint venture between Bharti Enterprises and global insurance major AXA, registered a profit of against...

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M A alert. BCR Asigurari to merge with AXA Life Insurance Romania - Business Review

M&A alert. BCR Asigurari to merge with AXA Life Insurance Romania AXA Life Insurance’ shareholders initiated the merger by absorption process, resulting in the absorption of former local subsidiary of French AXA by BCR Asigurari de Viata Vienna Insurance Group, under the approval of the Financial Surveillance Authority (ASF). „The merger will be initiated and realized based on the merger project from April 30, developed by the members of company’s board together with the BCR Asigurari de Viata board’s members and will be approved by ASF regarding the authorization and monitorization of the insurance and reinsurance companies,” according to document. Also the AXA Life Insurance Romania...

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AXA Life Insurance to be 6th IP insurer, Singapore News - AsiaOne

PEOPLE looking for health insurance coverage for private care will have more to choose from when a sixth player joins the Integrated Shield Plan (IP) market. The Straits Times understands that AXA Life Insurance Singapore will be given the go-ahead from the Government soon to offer its range of hospital coverage with premiums payable with Medisave. About two in three of the 3.9 million Singaporeans and permanent residents here have IPs. These are for coverage of treatments at private hospitals, and public hospital classes A and B1. Applauding the move, Professor Euston Quah, head of Department of Economics at Nanyang Technological University, said: "It is important to have more players to...

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Bharti AXA Life Insurance - Compare Plans & Check Reviews

Key Highlights of Bharti AXA Life Insurance: Ever since its conception, Bharti AXA has been one of the leading providers of life insurance in the country. The company has been among the top insurers for a variety of reasons, the most important of which is focus on customer needs and satisfaction. The company focuses and strives to understand the needs of every single customer in order to deliver products which closely fulfil their needs. Operating with the motto of being Available, reliable and attentive, Bharti AXA offers digitally enabled services to allow customers to transact with ease and in a hassle-free manner. Types of Life Insurance Plans Offered By Bharti AXA: Understanding the...

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